The following divorce and refinance questions touch on the issues that are important when you're faced with either keeping the marital home or having your spouse buy you out.
There are several reasons why a person would choose to refinance their mortgage after a divorce. Here are some of the most common:
Ideally, the spouse taking ownership of the home needs to be solely responsible for the mortgage to avoid problems in the future. If you will be keeping the house and refinancing the mortgage, you’ll need to qualify for the mortgage based on your own income. You should carefully consider the pros and cons of refinancing and work with a reputable lender to ensure that your new mortgage meets your financial goals.
Find out if you should refinance the mortgage, how to get your share of the equity if your husband is the one who'll be refinancing, and what can be done if the mortgage isn't refinanced.
© WomansDivorce.com | Updated March 4, 2023